I just wonder how much is Fed paying Mr Roubini to continue talking about deflation. He can't really believe in what he is saying. Deflation - yes, maybe intially, but - in the long run - "Inflation is King".
He's a Macroeconomic genius..Deflation is worse than inflation...Deflation would mean our money will be worthless. A new Currency will have to be introduced. If Roubini is getting paid I'm sure he's not buying dollars!
@mijadedios He definately is a macroeconomic genius,but you should know that deflation does not cause the value of your money to decrease, that is what inflation does. Deflation actually increases the buying power of your money as the price level falls, so you will see the CPI decrease in deflationary times. This is not necessarily a good thing because it causes people and firms to defer investment and consumption since they can buy more later on, resulting in economic stagnation.
i just saw a video that one in ten loans they thought were safe are in default but i forgot what the other new suspect problematic loans are called..sorry..but we're only halfway through the housing the way he put it
hell yes...even thought it is all lies...it is only another systematic STICK UP for all the fat asses here in the U.S....i think eventually, the white neocon trash will be hidin' in their underground cities and nuke or chemtrails us up on the ground to our deaths and then turn the land mass into one big motherfuckin' veggie garden for the chinks....
I just wonder how much is Fed paying Mr Roubini to continue talking about deflation. He can't really believe in what he is saying. Deflation - yes, maybe intially, but - in the long run - "Inflation is King".
Heraldeena 3 years ago
He's a Macroeconomic genius..Deflation is worse than inflation...Deflation would mean our money will be worthless. A new Currency will have to be introduced. If Roubini is getting paid I'm sure he's not buying dollars!
mijadedios 3 years ago
@mijadedios He definately is a macroeconomic genius,but you should know that deflation does not cause the value of your money to decrease, that is what inflation does. Deflation actually increases the buying power of your money as the price level falls, so you will see the CPI decrease in deflationary times. This is not necessarily a good thing because it causes people and firms to defer investment and consumption since they can buy more later on, resulting in economic stagnation.
hhaassaann134 1 year ago
This our doom.
fillosofert 3 years ago 4
i just saw a video that one in ten loans they thought were safe are in default but i forgot what the other new suspect problematic loans are called..sorry..but we're only halfway through the housing the way he put it
dellsprospects22 3 years ago 3
The other loans are option ARMS which are due to reset to higher rates in 09. Some of those loans are already being defaulted on.
stuynet 3 years ago
Ressesion!?!?!?
DEPRESSION my friend.
odin422 3 years ago 2
hell yes...even thought it is all lies...it is only another systematic STICK UP for all the fat asses here in the U.S....i think eventually, the white neocon trash will be hidin' in their underground cities and nuke or chemtrails us up on the ground to our deaths and then turn the land mass into one big motherfuckin' veggie garden for the chinks....
ratonnewmex 3 years ago